TOP <-> DOWN BREAKDOWN ANALYSIS
- HTF (Higher time frame) price retested the sweap and rejected on the first break making it as a failed aution (trapping more buyers on top before the price actually break those highs),
- After the sweap we got a retest of the Orderblock +, region which acted as a support for price to regain momentum and pump,
- Type 2 recovery in play after the first structure break trapped buyers, the secound leg would actually anticipate the move up and take Relative highs ($) resting @ 0.08637 sweaping all the liquidity trapped within the range,
SETUP :
- Looking for Limit orders fills @ 0.07060ish region that created the Volume gap making it as our entry region,
- Eyes on a tap of Prl (Prev range lows) resting @ 0.12749 that did act as first take profit region,
- Once we break Prl (Prev range lows) price can retest all the highs resting above brewing a chad candle for next few months.
- HTF (Higher time frame) price retested the sweap and rejected on the first break making it as a failed aution (trapping more buyers on top before the price actually break those highs),
- After the sweap we got a retest of the Orderblock +, region which acted as a support for price to regain momentum and pump,
- Type 2 recovery in play after the first structure break trapped buyers, the secound leg would actually anticipate the move up and take Relative highs ($) resting @ 0.08637 sweaping all the liquidity trapped within the range,
SETUP :
- Looking for Limit orders fills @ 0.07060ish region that created the Volume gap making it as our entry region,
- Eyes on a tap of Prl (Prev range lows) resting @ 0.12749 that did act as first take profit region,
- Once we break Prl (Prev range lows) price can retest all the highs resting above brewing a chad candle for next few months.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.